Elevate48
Call Martin

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$306,667$306,667$400,410
Remaining term (yrs)24.924.930.0
Secondary amount$0$93,743$0
Funding fee$0$0$0
Note rate2.84%2.84%7.18%
Blended rate3.69%4.933%7.42%
1st payment$1,428.86$1,428.86$2,712.52
2nd payment$0.00$703.07$0.00
Taxes / mo$85.75$85.75$85.75
Insurance / mo$150.00$150.00$150.00
MI / mo$245.05$245.05$80.08
HOA / mo$65.00$65.00$65.00
Total monthly$1,974.65$2,677.73$3,093.35
Cash to close$138,233$44,490$44,490